WS #12137
Memory-chip stocks collapse (SanDisk -13%, Micron -10%); IBM drops 25% on AI capex cannibalization fears; Dell leads AI hardware selloff -14%. Fed's Cook warns inflation risks persist from tariffs, Middle East conflict, and AI investment; says it's prudent to wait for disinflation but prepared to act. Apple surges 4% to fresh high after Apple Intelligence receives regulatory approval in China; Alibaba and Baidu as partners.
Semiconductor and tech selloff
Memory-chip stocks collapse (SanDisk -13%, Micron -10%); IBM drops 25% on AI capex cannibalization fears; Dell leads AI hardware selloff -14%.
Fed's Cook warns inflation risks persist from tariffs, Middle East conflict, and AI investment; says it's prudent to wait for disinflation but prepared to act.
Apple surges 4% to fresh high after Apple Intelligence receives regulatory approval in China; Alibaba and Baidu as partners.